After completing Lesson 3-2, you will be able to:
- Identify accounting concepts and practices related to journalizing transactions.
- Record transactions to set up a business in a general journal.
- Record transactions to buy insurance for cash and supplies on account in a general journal.
Notes 3-2
- Obtain a Notes 3-2 handout from your instructor and record your notes through the presentation. You can also view the presentation here.
Working Together 3-2
- Make a copy of this spreadsheet.
- Place this file in your Chapter 3 folder.
- Rename the file to Lesson 3-2-(Your Initials)
- Complete the spreadsheet according to the directions on page 67.
On Your Own 3-2
- Using your Lesson 3-2 spreadsheet, complete the problem as directed on page 67.
Self-Assessment 3-2
- Complete this self-assessment for Lesson 3-2. You can use your textbook and notes to complete this assessment.
Lesson 3-2 Assignment
- Using your Lesson 3-2 spreadsheet, click on the Application Problem 3-2 sheet at the bottom left, and complete the problem as directed on page 79.